The Penang State Government had officially launched the Penang BPO-ITO Hub comprising of BPO Prime, BPO Park,Penang International Technology Park (PITP) and the Creative Animation Triggers (CAT) to diversify the state’s economy and enable the growth of a viable employment sector. A MoU between Penang Development Corporation, Temasek (an investment company owned by Singapore Government) & Economic Development Innovations was signed on May 23, 2014 to develop a BPO Prime & PITP over next 5 to 10 years. This G2G Joint Venture between Penang Development Corporation & Temasek is estimated RM11.3 billion GDV with total development of 206.8 acres / 9,008,208 sq. ft.

Creative Animation Triggers (CAT), George Town is a state initiative located within the George Town UNESCO World Heritage Site with more than 100,000 sq. ft. of heritage building space to spearhead the creative multimedia industry by inviting local and international studios to set up in Penang. These are buildings over 100 years old which will be retro-fitted with world class infrastructure and amenities but still maintaining their character and old world charms. These projects are expected to be completed and ready for operations in 5 years. The Wisma Yeap Chor Ee building is expected to be completed in Q1, 2015, with the entire project to be completed and fully operational in 5 years.

The George Town Heritage enclave, located in the heart of Penang Island, is a unique neighbourhood that has one of the highest concentrations of historical buildings in Southeast-Asia. Besides being a melting pot of cultural heritage, the George Town Heritage enclave has developed itself as a vibrant showcase for art and creative talents. The inner city of George Town is alive with a potpourri of art, culture and heritage treasures which has combined to make George Town the perfect place to inspire creativity and talents.

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